The hire precedes a likely second manager hire in the asset class within the next year.
The plans last rehired their incumbent to a one-year contract following a search process completed in 2024.
H.I.G. WhiteHorse Middle Market Lending Fund IV closes with $5.9 billion in assets.
The city hired its incumbent firm following a similar search process conducted in 2017.
The retirement system opted to extend its contract for general investment consulting services to a firm recently hired for plan de-risking services.
The retirement system reviewed three potential replacement options for an incumbent manager last quarter.
The manager added an analyst from an investment consulting firm.
The pension fund had approved minimum qualifications for the search last month.
The township is seeking record keeping, investment management and education services on behalf of its deferred compensation plans.